The EU and the European Bank for Reconstruction and Development (EBRD) are providing new financing to small and medium-sized enterprises (SMEs) in the Republic of Moldova. A €17.5 million loan to one of the country’s banks will offer much-needed access to finance to this critical business segment.
The funds are part of the EU4Business–EBRD credit line. They will help companies to invest in modern production equipment and technologies and meet EU standards in terms of product quality, health and safety and environmental protection.
According to EBRD, following these investments, companies will be able to offer high-quality products on the local market and benefit from trade opportunities with the European market.
The EU4Business–EBRD credit line is available in Georgia, Moldova and Ukraine. It has recently been extended to Armenia, Azerbaijan and Belarus to make companies more competitive, following its previous success.
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